Tag Archives: socar

Azerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website July 5. The project envisages construction of six tanks with a total capacity of 60,000 cubic meters and a …

The cost of Petlim container port’s construction project in Turkey is nearly $282 million, a representative of Azerbaijan’s state oil company SOCAR told Trend. A 70-percent share in this project is owned by Turkey’s Petkim petrochemical complex, a 57.5 percent-share of which is owned by Azerbaijan’s SOCAR. Petkim’s leadership said …

Expenditures of the Southern Gas Corridor CJSC within the framework of the Trans Anatolian Natural Gas Pipeline (TANAP) construction project will exceed $6 billion, a senior official of the Azerbaijan’s state oil company SOCAR told Trend. “Expenditures of the Southern Gas Corridor CJSC, the main share in which belongs to …

The U.S. Energy Information Administration (EIA) has once again confirmed Azerbaijan’s importance in ensuring energy security both at regional and international scale. In its Country Analysis Brief report, EIA said Azerbaijan, one of the oldest oil-producing countries in the world, is an important oil and natural gas supplier in the …

Azneft, a production unit of Azerbaijan’s state oil company SOCAR, plans to drill 88 new wells in 2017, SOCAR said in a message posted on its website. According to the message, during the discussions held June 23 on Azneft’s 2017 work program it was noted that drilling works at 89 …

Azerbaijan’s state oil company SOCAR will additionally produce 3.65 million cubic meters of gas and 32,850 tons of oil per year as it has put into operation a new well in the Caspian Sea, said SOCAR in a message. The well was put into operation at the Gunashli offshore field …

SOCAR Trading SA, the marketing arm of the State Oil Company of Azerbaijan Republic (SOCAR), plans to enter the Latin American market, the company’s CEO Arzu Azimov said June 20 in his interview with the Swiss French-language newspaper L’AGEFI. “Recently, we have opened two branches in Calgary (Canada) and Houston …

This statement was released by SOCAR Energy Georgia director general Mahir Mamedov. This agreement cannot affect SOCAR’s supplies to Georgia, because the exiting agreement between Georgia and Azerbaijan is valid up to 2030 and specific volumes are indicated in the agreement, Mahir Mamedov noted. SOCAR implements exports of natural gas …

Construction of underground gas reservoir in Georgia might be started in September of this year, – Azerbaijan agency Fineko/abc.az. reports. The agency disseminates the news relaying on Kakha Kaladze, that tender results linked to the construction company should be revealed in the upcoming days. To note, over 230-250 cubic m …

Georgia does not depend on Russia as much as it was in the past, Giorgi Kvirikashvili, Prime Minister of Georgia said on Thursday. He made this statement at the International Energy Forum in Tbilisi, RIA Novosti reported. Kvirikashvili said Georgia and “Gazprom” held negotiation of a technical nature, which culminated …

Azerbaijan’s state oil company SOCAR plans to build nine infrastructural bases for drilling of 81 oil and gas wells in the Azerbaijani sector of the Caspian Sea in 2016-2017 as part of the company’s development strategy, and that will give impetus to hydrocarbon production growth in the country, SOCAR President …